Plexus Corp. (NASDAQ:PLXS - Get Free Report) insider Frank Zycinski sold 1,200 shares of the company's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $140.84, for a total value of $169,008.00. Following the transaction, the insider now directly owns 723 shares of the company's stock, valued at $101,827.32. The trade was a 62.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Plexus Stock Performance
Shares of PLXS stock opened at $139.37 on Thursday. The company's fifty day moving average price is $156.97 and its 200-day moving average price is $144.21. The stock has a market cap of $3.77 billion, a PE ratio of 32.34 and a beta of 0.89. The company has a current ratio of 1.53, a quick ratio of 0.70 and a debt-to-equity ratio of 0.07. Plexus Corp. has a 12 month low of $90.18 and a 12 month high of $172.89.
Plexus (NASDAQ:PLXS - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The technology company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.59 by ($0.10). Plexus had a return on equity of 10.36% and a net margin of 3.03%. On average, equities analysts expect that Plexus Corp. will post 5.94 EPS for the current fiscal year.
Institutional Trading of Plexus
Several hedge funds and other institutional investors have recently made changes to their positions in PLXS. TD Private Client Wealth LLC purchased a new position in Plexus during the fourth quarter valued at $28,000. Quarry LP increased its holdings in shares of Plexus by 573.5% during the third quarter. Quarry LP now owns 229 shares of the technology company's stock valued at $31,000 after acquiring an additional 195 shares in the last quarter. R Squared Ltd purchased a new position in shares of Plexus in the 4th quarter worth about $45,000. Nomura Asset Management Co. Ltd. boosted its stake in Plexus by 45.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 320 shares of the technology company's stock worth $50,000 after purchasing an additional 100 shares in the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in Plexus during the 3rd quarter valued at about $51,000. Hedge funds and other institutional investors own 94.45% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. StockNews.com raised Plexus from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. KeyCorp assumed coverage on shares of Plexus in a research report on Tuesday, October 22nd. They set a "sector weight" rating on the stock. Benchmark reaffirmed a "buy" rating and issued a $165.00 target price on shares of Plexus in a research report on Wednesday, January 22nd. Stifel Nicolaus assumed coverage on shares of Plexus in a research report on Tuesday, February 4th. They set a "hold" rating and a $152.00 price target on the stock. Finally, Needham & Company LLC raised their price objective on shares of Plexus from $162.00 to $172.00 and gave the stock a "buy" rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $163.00.
Check Out Our Latest Report on Plexus
About Plexus
(
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Plexus Corp. provides electronic manufacturing services in the United States and internationally. It offers design, develop, supply chain, new product introduction, and manufacturing solutions, as well as sustaining services to companies in the healthcare/life sciences, industrial/commercial, aerospace/defense, and communications market sectors.
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